Yongho Cho 8/26/2012 Weekly Memo #1: Should external/internal auditors be responsible for detecting client fraud? In 2001 Enron‚ the seventh largest energy company in 2001‚ filed for bankruptcy. The event named “Enron Scandal” is considered to be the most shocking incident in American economic history. Bring the country to the edge of disaster‚ the scandal was basically caused by securities fraud which Enron was charge with. The irrationality of accounting and auditing system encouraged U
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Do you think you cannot give hundred percent when you are presenting something? If you have this kind of thinking‚ have you ever tried to make it better? Sometimes I really think that we always want to give the best while presenting my speech or talk. So I just wonder on how I can improve my present? I believe that not all of you can stand in front and talk with the high level of confidence. Speech is the one of the type of oral communication. What is oral communication? Oral communication implies
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Individual Coursework Essay Topic: Why is it important for external auditors to be independent? Relate your answer to the primary role of external auditors. Give examples of specific ways the lack of auditor independence may impact adversely on an audit. In 2001‚ there was an event that had shaken the whole business world. The crash of Enron in US‚ followed by worldwide collapse of its auditor‚ Arthur Andersen. It was a greatest corporate failure uncovered in
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curriculum. -according to a survey conducted by Hong Kong University ‚ about 80% students think that they need to face a lot of challenges about their examinations . -the survey also reveals that Chinese‚ English and mathematics are their main problems. They think that these are very difficult to manage. -for form 5 and 7 students‚ they need to face HKCEE and HKAL examination which can influence their future. 2) Peer pressure - Peers influence your life‚ even if you don ’t realize it‚ just
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Auditor Independence: An Impossible Dream In recent months there has been much discussion about the independence of CPA auditors; the leadership of the AICPA‚ the Auditing Standards Board‚ the Public Oversight Board‚ the Independence Standards Board‚ and most recently the proposed independence rules promulgated by the SEC have all attempted to clarify and strengthen auditor independence. Several newspaper and magazine articles have also addressed the issue. In my opinion‚ all the efforts to
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Introduction The topic of the report is an exploration of a career option and a Tax Auditor at Canada Revenue Agency. The purposes of this report are to not only prepare myself for the position by examining and learning but also introduce a different field of work to colleagues All residents in Canada must pay a tax and Canada Revenue Agency (CRA)‚ formally known as Revenue Canada‚ is a federal agency that has as its main function the administration of Canadian tax laws for most of the provinces
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Table of Contents 1.0 Introduction 1.1 Audit 1.2 nature of auditor independence 1.3 principle of auditor independence 2.0 The concept of auditor rotation 3.0 The history and current debates concerning auditor rotation 4.0 Different countries regimen should be considered 5.0 Conclusion 6.0 List of references 7.0 Appendices 1.0 INTRODUCTION 1.1 Audit Auditing is the analysis of the financial accounts or records‚ by a qualified accountant‚ and
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Language is not the only problem faced by international students in UK. Nowadays with the growth of global economy‚ rising people are aware of the importance of education as well. As stated by Coughlan‚ there are a significant increasing number of students who are studying abroad in countries like UK where people think that they can receive high-quality education. Meanwhile‚ their study career in UK‚ although language probably will be a principal problem for international students to face‚ there
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they encounter an array of obstacles. Apart from the problem of language being a communication barrier‚ international students also suffer from hindrances such as integrating into another culture‚ adapting to climate changes‚ and even the unfortunate case of racial discrimination. This essay will explore the financial difficulties experienced by some students‚ culture shock‚ and lastly‚ the sense of alienation of the students. The first problem for many international students is to understand the
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European Accounting Review 2000‚ 9:3‚ 371 385 Auditor liability rules under imperfect information and costly litigation: the welfare-increasing eŒ of liability ect insurance Ralf Ewert‚ Eberhard Feess and Martin Nell University of Frankfurt‚ Frankfurt am Main ABSTRACT This paper examines auditor liability rules under imperfect information‚ costly litigation and risk-averse auditors. A negligence rule fails in such a setting‚ because in equilibrium auditors will deviate with positive probability from
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